Ecolab (ECL) : Carderock Capital Management Inc reduced its stake in Ecolab by 10.24% during the most recent quarter end. The investment management company now holds a total of 42,450 shares of Ecolab which is valued at $5,198,003 after selling 4,843 shares in Ecolab , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Ecolab makes up approximately 2.69% of Carderock Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Select Equity Group added ECL to its portfolio by purchasing 77,788 company shares during the most recent quarter which is valued at $9,525,141. Ecolab makes up approx 0.08% of Select Equity Group’s portfolio.Segall Bryant Hamill reduced its stake in ECL by selling 2,633 shares or 7.29% in the most recent quarter. The Hedge Fund company now holds 33,503 shares of ECL which is valued at $4,102,442. Ecolab makes up approx 0.10% of Segall Bryant Hamill’s portfolio. Pinebridge Investments sold out all of its stake in ECL during the most recent quarter. The investment firm sold 2,752 shares of ECL which is valued $336,982.Brown Advisory Securities reduced its stake in ECL by selling 432 shares or 8.18% in the most recent quarter. The Hedge Fund company now holds 4,852 shares of ECL which is valued at $595,437. Ecolab makes up approx 0.18% of Brown Advisory Securities’s portfolio.Pillar Pacific Capital Management reduced its stake in ECL by selling 93 shares or 3.22% in the most recent quarter. The Hedge Fund company now holds 2,794 shares of ECL which is valued at $339,220. Ecolab makes up approx 0.05% of Pillar Pacific Capital Management’s portfolio.
Ecolab opened for trading at $122.74 and hit $123.4 on the upside on Thursday, eventually ending the session at $123.1, with a gain of 0.04% or 0.05 points. The heightened volatility saw the trading volume jump to 8,64,788 shares. Company has a market cap of $35,895 M.
On the company’s financial health, Ecolab reported $1.08 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $1.08. The company had revenue of $3317.00 million for the quarter, compared to analysts expectations of $3326.45 million. The company’s revenue was down -2.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.08 EPS.
Investors should note that on Aug 4, 2016, Ecolab announced a cash dividend of $0.3500. The company’s management has announced Sep 16, 2016 as the ex-dividend date and fixed the record date on Sep 20, 2016. The payable date has been fixed on Oct 17, 2016.
Many Wall Street Analysts have commented on Ecolab. Macquarie Initiated Ecolab on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $143.Company shares were Reiterated by Nomura on Aug 22, 2016 to “Reduce”, Firm has raised the Price Target to $ 98 from a previous price target of $94 .Ecolab was Upgraded by Citigroup to ” Buy” on Aug 3, 2016.
Ecolab Inc. provides water hygiene and energy technologies and services. The Company operating segments include Global Industrial Global Institutional Global Energy and Other. The Company’s Global Industrial segment consists of the Water Food and Beverage Paper and Textile Care operating units. Global Institutional segment consists of the Institutional Specialty and Healthcare operating units. The Global Energy segment provides on-site technology-driven solutions to the global drilling oil and gas production refining and petrochemical industries. Other segment consists of the pest elimination and equipment care operating units. The Company’s cleaning and sanitizing programs and products pest elimination services and equipment maintenance and repair services support customers in the foodservice food and beverage processing hospitality healthcare Government and education retail textile care and commercial facilities management sectors in over 170 countries.